Argo Blockchain plc.
ARBK.US | Data processing, hosting and related activities
Argo Blockchain plc is a cryptocurrency mining company. The company focuses on large-scale mining of Bitcoin and other cryptocurrencies. It operates data centers powered by renewable energy sources to mine digital assets. Argo Blockchain aims to be a leader in sustainable and efficient cryptocurrenc...Show More
Better Health for All
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Argo Blockchain plc is a cryptocurrency mining company, and its core business activities do not directly involve health-related products or services, resulting in a neutral health impact. The company generates no revenue from products with direct health impacts, and its products do not have direct safety implications for physical or mental health. It does not offer health-related products requiring accessibility considerations, serve vulnerable populations with health needs, or have products that carry health risks requiring disclosure. The company's R&D is not focused on health-related outcomes, and its operations do not intersect with healthcare workforce development, preventative health, healthcare data management, global health crisis response, mental health initiatives, pharmaceutical patents, nutrition, food safety, health education, addiction mitigation, or clinical trials. Regarding health externalities, Argo Blockchain aims to reduce its environmental impact, which can indirectly affect public health. The company became the first climate positive cryptocurrency mining company in 2021, offsetting more greenhouse gas emissions than emitted in 2020 and 2021, and committed to maintaining this status through 2025.
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It produces no Scope 1 emissions and offsets all Scope 2 and Scope 3 emissions.
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The majority of its power comes from clean energy, with 99% renewable electricity from hydropower in Quebec.
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These efforts represent comprehensive remediation for limited health-harming externalities.
Fair Money & Economic Opportunity
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Argo Blockchain plc is a cryptocurrency mining company that operates data centers to mine digital assets. The provided articles and company description do not indicate that the company offers lending, deposit, insurance, or other consumer financial services.
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Therefore, all KPIs related to fair money and economic opportunity, which assess financial institutions' impact on consumer financial services and wealth building, are not applicable to Argo Blockchain's core business model.
Fair Pay & Worker Respect
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No evidence available to assess Argo Blockchain plc on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No specific, concrete data points were found in the provided articles for any of the KPIs related to Fair Trade & Ethical Sourcing. The articles primarily discuss corporate governance, financial reporting, and environmental sustainability (climate-positive status, renewable energy, emissions), but do not offer information on fair-trade certifications, supply-chain audit frequency, forced or child labor incidents, supplier traceability, remediation speed for violations, ethical clauses in supplier contracts, high-risk materials, or supplier diversity spend.
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Honest & Fair Business
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Argo Blockchain plc restated its annual report on Form 20-F for the year ended 31 December 2023, which also impacted figures for 2022 and 2021.
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This single restatement, filed on April 22, 2025, was due to the accounting treatment of digital assets, leading to reclassification of cash flows and changes in net loss/income for the affected periods, but no change to revenue or cash.
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Additionally, the company explicitly stated that it has decided not to gain assurance for the content of its report, including GHG emissions or other KPIs.
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Kind to Animals
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No evidence was found in the provided articles regarding Argo Blockchain's performance on any of the 'Kind to Animals' KPIs. The articles primarily focus on the company's clean energy initiatives and climate-positive status, explicitly stating that they do not contain data related to animal welfare, cruelty-free practices, or other metrics relevant to this ethical value.
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No War, No Weapons
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No evidence available to assess Argo Blockchain plc on No War, No Weapons.
Planet-Friendly Business
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Argo Blockchain reported total Scope 1, 2, and 3 emissions of approximately 232,932 tCO2e for 2023.
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The company states that 95% of its energy consumption in Quebec is from renewable sources.
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Argo became the first climate-positive cryptocurrency mining company in 2021 and is a signatory to the Crypto Climate Accord, which has a stated net-zero target year of 2040 for the cryptocurrency industry.
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However, the company is not participating in any tracked reduction initiatives.
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Argo's TCFD report is noted as partially compliant.
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The company received Canadian tax assessments totaling CAD$12.0 million for 2021 and 2022, which are under appeal, and a CAD$5.0 million lien was placed on its Baie Comeau facility.
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Respect for Cultures & Communities
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No specific, quantitative evidence was found in the provided articles to score any of the KPIs related to "Respect for Cultures & Communities." While articles mention general economic benefits to local communities, such as temporary and full-time job creation (45 full-time jobs, 130+ temporary construction jobs) and the refurbishment of a community pool in Spur, these actions are not quantified in terms of percentages of revenue, workforce ratios, or formal agreements as required by the rubric's KPIs.
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Information regarding formal partnerships, cultural impact assessments, grievance mechanisms, indigenous engagement, or cultural preservation investments is not present. A pledge to create 20 local jobs is not evidence of achieved employment.
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Safe & Smart Tech
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Argo Blockchain plc (ARBK.US) has an audited code percentage of 4.39% based on its last CertiK security audit on May 26, 2022.
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Zero Waste & Sustainable Products
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No evidence available to assess Argo Blockchain plc on Zero Waste & Sustainable Products.